World News@lemmy.worldEnglish · 1 year ago

Russia's central bank raises interest rates to 12% after the ruble plunges

www.cnn.com

Russia's central bank raises interest rates to 12% after the ruble plunges

www.cnn.com

alphacyberranger@lemmy.world to

World News@lemmy.worldEnglish · 1 year ago

Russia's central bank raises interest rates to 12% after the ruble plunges | CNN Business

www.cnn.com

Russia’s central bank hiked its main interest rate by 3.5 percentage points to 12% Tuesday after the ruble hit a 17-month low the previous day.

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1 year ago
This is what happens to all fiat money. It will happen to the United States eventually too as the fed has printed into existance far to many dollars. The currency has to be destroyed in order to get back to a state of value.

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